E140911510Ann.indd


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(Incorporated in the Cayman Islands with limited liability)

(Stock code: 00474) APPOINTMENT AND RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF AUDIT COMMITTEE

The Board announces that Mr. Ma Lin has resigned as an independent non-executive director of the Company and a member of the audit committee, with effect from 30
September 2014.
The Board is pleased to further announce that Mr. Lee Chi Hwa, Joshua has been appointed as an independent non-executive director of the Company and a member of the audit committee of the Company, with effect from 30 September 2014.

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF AUDIT COMMITTEE

The board of directors (the "Board") of Hao Tian Development Group Limited (the "Company") announces that Mr. Ma Lin ("Mr. Ma"), due to his retirement, has tendered his resignation as an independent non-executive director of the Company and a member of the audit committee of the Company, with effect from 30 September 2014.

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Mr. Ma has confirmed that he has no disagreement with the members of the Board and that there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited ("Stock Exchange"). The Board is also not aware of any such matters to be brought to the attention of the Stock Exchange and the shareholders of the Company.
The Board would like to take this opportunity to thank Mr. Ma for his valuable contribution to the Company during his tenure.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF AUDIT COMMITTEE

The Board is pleased to announce that Mr. Lee Chi Hwa, Joshua ("Mr. Lee") has been appointed as an independent non-executive director of the Company and a member of the audit committee of the Company, with effect from 30 September 2014.
The following is the biography of Mr. Lee:-
Mr. Lee Chi Hwa, Joshua, aged 42, is a fellow member of the Association of Chartered Certified Accountants and a member of Hong Kong Institute of Certified Public Accountants. Mr. Lee has extensive experience in the fields of auditing, accounting and finance. Mr. Lee currently serves as an independent non-executive director of each of China Fortune Investments (Holding) Limited (stock code: 8116) and Code Agriculture (Holdings) Limited (stock code: 8153), which are both listed on the Growth Enterprise Market of the Stock Exchange, and South East Group Limited (stock code: 726), which is listed on the main board of the Stock Exchange. He was also an independent non-executive director of King Stone Energy Group Limited (stock code: 663) from January 2012 to April 2013.
Save as above disclosed and as at the date of this announcement, Mr. Lee does not hold any position in the Company or any of its subsidiaries or have any relationship with any director, senior management, substantial shareholder or controlling shareholder of the Company, he has not held any directorship in other listed companies in Hong Kong or overseas or other major appointments and qualifications in the past three years.

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The Company has entered into a letter of appointment with Mr. Lee. The appointment of Mr. Lee is for an initial term of 3 years subject to retirement and re-election at the next annual general meeting of the Company (thereafter retirement by rotation) pursuant to the articles of association of the Company. Mr. Lee will be entitled to a director's remuneration of HK$180,000 per annum which has been determined by the remuneration committee of the Company and the Board with reference to the prevailing market rate.
As at the date of this announcement, Mr. Lee does not have any interests in the shares of the
Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter
571, Laws of Hong Kong). Mr. Lee has confirmed that he meets the independence criteria as set out in Rule 3.13 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules").
In relation to Mr. Lee's appointment as an independent non-executive director and a member of the audit committee of the Company, save as disclosed above, there is no other information to be disclosed pursuant to the requirements of the provisions under Rule 13.51(2)(h) to Rule
13.51(2)(v) of the Listing Rules and no other matters that need to be brought to the attention of the shareholders of the Company or the Stock Exchange.
The Board would like to extend its warm welcome to Mr. Lee in joining the Board.
By order of the Board

HAO TIAN DEVELOPMENT GROUP LIMITED Fok Chi Tak

Executive Director

Hong Kong, 30 September 2014

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Xu Hai Ying, Dr. Zhiliang Ou, JP (Australia) and Mr. Fok Chi Tak and three independent non-executive Directors, namely Mr. Chan Ming Sun Jonathan, Mr. Ma Lin and Mr. Lam Kwan Sing.

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